Booking Holdings Inc. (BKNG): Stephen Mandel Trims Position

Booking Holdings Inc. (NASDAQ:BKNG) has been a semipermanent holding of Lone Pine Capital. The money archetypal disclosed a involvement successful the institution backmost successful the archetypal 4th of 2018. This presumption comprised 12.7 cardinal shares. The money sold disconnected this holding earlier the extremity of that year. A caller presumption was past opened successful precocious 2018 and was sold disconnected by precocious 2019. The latest involvement was bought successful the 2nd 4th of 2025. It comprised 1.5 cardinal shares. In the adjacent quarter, the money trimmed this holding by 48%, reducing ownership to astir 770,000 shares. Filings for the 4th fourth of 2025 amusement that the money owned implicit 115,000 shares successful the company, down 85% compared to filings for the erstwhile quarter.

The biggest value connected Booking Holdings Inc. (NASDAQ:BKNG) this twelvemonth has been capitalist anxiousness implicit however generative AI volition reshape question discovery. In March, Bernstein highlighted that a halfway interest was that precocious AI agents could bypass accepted online question agencies by allowing users to publication straight done platforms similar OpenAI oregon Google, reducing the relation of a middleman. After the record-breaking surges of 2024 and 2025, the planetary question manufacture is entering a play of measured normalization. While planetary question remains a maturation engine, the US marketplace has shown signs of stagnation.

While we admit the imaginable of BKNG arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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